Solar Panel Cost Guide in Bastrop, TX (2024 Update)
- Bastrop Solar Installation Cost: $17,620
- 25-Year Savings: $23,223
- Payback Period: 11.8 Years
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Average Cost of Solar Panels in Bastrop
Find out what the average cost of a solar system is in Bastrop.
Although the national average of solar panels is $2.66 per watt, solar panels in Bastrop typically cost around 3.The average Bastrop homeowner needs a 7.6-kilowatt system, which would cost about $17,620 with the federal tax credit, or $25,197 before the 0 tax credit is applied.
The true cost of your system can be higher or lower than the average in Bastrop based on a variety of factors, such as the type of solar panels you choose and the solar installer you hire.Many homeowners find adopting solar power is a rewarding investment. The average homeowner in Bastrop can save around $19,000 on their electricity bills over 20 years.
To get a free estimate from a top solar installer in Bastrop, you can click the button below.
Solar savings over time in Bastrop
| Year | Return on Investment |
|---|---|
| 1 years | $-16,247 |
| 3 years | $-13,503 |
| 5 years | $-10,758 |
| 7 years | $-8,013 |
| 9 years | $-5,268 |
| 11 years | $-2,523 |
| 13 years | $221 |
| 15 years | $2,966 |
| 17 years | $5,711 |
| 19 years | $8,456 |
| 21 years | $11,201 |
| 23 years | $13,945 |
| 25 years | $16,690 |
Top Solar Installers in Bastrop
Many homeowners choose to hire a solar panel installer since trying to put up solar panels yourself can be hard. The expertise that solar companies provide can be invaluable as well, particularly if you aren’t sure what brand of solar equipment would be right for your home.
If you’d like to go solar but still aren’t sure which solar system company to go with, here are our suggestions for providers near you:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
See all of the solar companies in Bastrop
Factors that Affect Solar Panel Costs in Bastrop
The cost of installing a solar system in Bastrop can vary by more than $10,000 from home to home. Your actual cost is dependent on several factors. The largest one is the size of the system your home needs, and other factors include equipment choices, financing options and the solar company you choose.
Solar Equipment
The size of the solar panel system you need for your household, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by nearly $3,330. The brand and type of equipment you choose for your solar system can raise or lower the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these often come at a higher price than other brands. Efficiency also matters. Whether you’re opting for high efficiency because you have a small roof or just want maximum energy production, you will be looking at a higher equipment cost, but this can typically lead to greater savings over time. Also, if you want add-ons like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
Solar panels can save you money on power bills over many years, but they can also be a significant investment. That’s why many Bastrop homeowners opt to finance their solar panel systems to make paying for solar more affordable.It’s wise to include the interest you’ll pay in your final cost estimate. If you can afford to pay a larger down payment, you can reduce your total costs and the amount of time it’ll take to pay off the loan.
Solar Panel Installation Company
The final major cost factor you should keep in mind is the installer you choose. Given the massive popularity of clean energy solutions in Bastrop, you’ll have lots of options to choose from, but each comes at varying price points for labor and equipment.Additionally, some companies in Bastrop have more knowledge about local solar incentives and can help you make good use of additional rebates or tax exemptions. Though, they may charge more for walking you through the whole process. Even if they cost more upfront, they could help you save more money in the long run.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $3.46 | $14,545 | $15,186 | 12.2 years |
| 8 kW | $3.40 | $19,021 | $20,621 | 12.0 years |
| 10 kW | $3.33 | $23,310 | $26,242 | 11.8 years |
| 12 kW | $3.26 | $27,413 | $32,050 | 11.5 years |
| 14 kW | $3.20 | $31,329 | $38,044 | 11.3 years |
| 16 kW | $3.13 | $35,058 | $44,225 | 11.1 years |
| 18 kW | $3.06 | $38,601 | $50,592 | 10.8 years |
| 20 kW | $3.00 | $41,958 | $57,146 | 10.6 years |
How to Save on Solar Panels
Since the kind of solar panels and the installation company you choose significantly impacts your costs and your system’s durability and efficiency, it’s important to pick the right ones for you. Here are some tips to keep in mind to help with your decision:
- Contract: It’s important to look over your solar installer’s contract closely to understand what services they will provide, what the warranty covers and what you can expect about your solar system’s energy production.
- Installation Process: Make sure you’re on the same page with the installer with regard to how the installation process will go and what you need to do before your solar panels are installed, such as updating your electrical system or roof.
- Solar Panel Brands: Not all solar installers offer the same brands of solar panels, so the brand and type of panel you want can play a large role in the company you go with.
- Warranty: If you care about the durability of your solar panel system, ensuring your company offers a 25-year, all-inclusive warranty can give you some peace of mind.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
EcoWatch's Bastrop, TX Solar Cost FAQs
What is the average cost of installing solar panels in Bastrop?
The average cost of solar panels in Bastrop is about $16,650 for a 5-kW system and $33,300 for a 10-kW system before the ITC, but the actual cost will depend on stuff such as the model of solar panels you want, what size system you need and how much energy you use.
What other factors should I consider in addition to cost when buying solar panels?
The upfront cost is a key factor to consider, but whether it’s the most important for you depends on why you decided to go solar. In cities where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to take into account are the quality and durability of your solar panels.
How much can I save on electricity bills after switching to solar?
It is possible to erase your electricity bills with solar panels, but for most homeowners throughout Bastrop, that will require at least a 10-kW system. Not all homes will have the roof space for that size system, so you’ll want to contact a local solar installer to see how many panels can fit on your roof.
How often do you have to replace solar panels?
On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger amount of energy production.
Our goal is to reach as many people as we can with sensible solutions like solar energy. Our team of full-time local researchers collects solar price and installation data for every city in America then compiles it to create these digestible city guides. If you want to read our solar expert's opinion on the top solar companies featured here, follow this link.
Company research was conducted by Melissa Smith and Karsten Neumeister. Local data analysis was conducted by James Savino. See something we missed or could do better? Email the editor.